Why Build a Portfolio with Cru

Five compelling reasons to consider building a Fine Wine Portfolio with Cru:

1

Excellent historic returns - Fine wine has returned an 11% compound annual growth rate over the last 25 years.

2

Fast paced, instant trades, with live prices for buying and selling.

3

Your Account is transparent with a suite of information/tools free to use on the site.

4

Our global network provides great access to the world’s fine wine market with integrated logistics allowing clients to more easily sell their wines.

5

Access to a Private Account Manager to advise you on all aspects of managing your portfolio.

A Quick Guide to Fine Wine Investment with Cru

Fine Wine: Long-term Outperformance

Fine wine has an excellent investment track record. Over the past 25 years, fine wine has returned over 2,000% (an 11.0% compound annual growth rate). This puts it well ahead of most major asset classes.

Fine Wine Outperforms: Global Equities, Bonds and Commodities

Fine wine should be taken more seriously as an asset class. Thankfully, it is now possible for non-specialist investors to access the fine wine market.

Starting a Fine Wine Portfolio

You can start building a fine wine portfolio today. You don’t need specialist knowledge or training. You can invest as much or as little as you like.

Your account is free to set up and includes a storage facility in which to store your wine.

Our online suite of free tools will help you find investments which are suitable for you.

Buying Wines

Buying wine for investment with Cru is simple. Everything is done securely online. You can purchase investment wines by either:

•

Buying wines via our secure website and paying with each order.

•

Depositing funds into your account and using these against future purchases.

Finding Wine Investments

We have created an unrivalled platform through which to uncover opportunities to invest in and trade.

Investment Finder - Find Investments Matching your Criteria

Cru’s ‘Investment Finder’ is our exclusive tool which lets you screen the entire universe of fine wine for opportunities.

Investment Finder screens the fine wine universe by:

Price:

Sort by different price points.

Score:

Find opportunities based on critic scores.

Liquidity:

Fine Wine trading volumes are improving all the time. This field allows you to identify the wines which trade mostly frequently.

Wine Rating:

Our unique ‘Wine Rating’ scale - from AAA to B - takes into account the four main attributes associated with long-term performance: i) quality of the producer, ii) quality of the year, iii) average critic rating and iv) liquidity. It lets you choose safer or more speculative investments.

This tool analyses each wine against other wines by the same producer. It shows relative under or over-valuation.

Storing Wines

The security of your assets is of paramount importance to us. All wine stored with Cru is kept in one of three locations (you can choose which). You can see the location and status of all your wines at all times in your Account Management section.

UNITED KINGDOM - Vine International at London City Bond, London

Vine International is run by Liv-ex.com, the world’s premier fine wine exchange. Storage is in London City Bond, Tilbury, London. London City Bond has been managing fine wine for the world’s most discerning collectors since 1978.

HONG KONG - Cru Asia Logistics, Hong Kong SAR China

Cru has a bespoke fine wine facility run by a dedicated team of experts employed full-time by Cru.

SINGAPORE - Toll Brothers, Singapore

Toll is managed by specialised experts, and has been offering a world-class service for more than 125 years.

UNITED KINGDOM

HONG KONG

SINGAPORE

Price

£0.55 per month per unit (case or bottle)

HK$1.75 per month per bottle

SGD$0.35 per month per bottle

Insurance

Fully insured

Fully insured

Fully insured

Conditions

Temperature controlled

Temperature controlled

Temperature controlled

Tracking Performance of Wines

Your portfolio is valued in real time using independent marks provided by the internationally respected Liv-ex.com exchange.

Portfolio Performance

Toll is managed by specialised experts, and has been offering a world-class service for more than 125 years.

Breakdown by Wine

Graphical Analysis

Selling Wines / Realising Gains

Where a wine has gone up significantly in value we will alert you with a ‘Sell Now’ link to help you take profits. You control your portfolio and can sell wine at any time. On the Cru Wine Portfolio you are free to list wines for sale at any price you like. As they sell, you will be credited with Account Credit, which you can use either to buy more wine or to cash out.

Charges

There are no subscription fees for using the Cru Wine Portfolio. Your account is free to set up. We don’t charge commission when you buy wines. If you sell your wines through us we take a standard selling commission, which varies according to the level of assets you have.

Moving an Existing Portfolio to Cru

We encourage clients to move existing portfolios to the Cru platform. Our investment tools are only available to clients who use our storage facilities.

Investment Research

Cru’s Research Department is run by former Deutsche Bank Managing Director, and now Cru’s CEO, Dr Jeremy Howard. The aim of the research team is to help you make financial gains with your wine portfolio. We pride ourselves on high quality, investment-focused research which is designed to maximise trading gains. Our notes are focused purely on opportunities for price appreciation.

Managed Accounts

If you have a significant amount to invest in fine wine (either through an existing portfolio or via a new investment) you can be assigned a private account manager to advise you on all aspects of managing your portfolio.

How will I realise the value of my investment?

Like private equity or property, fine wine is best viewed as a patient investment. But our platform enables you to trade in and out as often as you like. Once your wine has reached your target exit price you can set it for sale at your chosen price.

When you sell wines through the platform your account is immediately credited with the net proceeds, which you can either use against future purchases or you can cash out. You will receive a cash transfer within 30 days of sale.

Is there someone to help me manage my Portfolio?

Cru retains a team of highly trained and knowledgeable fine wine account managers in the United Kingdom, Hong Kong, Singapore and Russia. We also travel to most of the world’s financial cities to present research and meet clients. Cru is not authorised to provide formal investment advice, but our team of advisors will help structure your portfolio optimally for long-term price appreciation.

What are the fees?

There are no subscription fees to use the Cru platform. All our personal advice and tools are free of charge, and there is no commission on purchasing wines. There is a small fee to cover the cost of storage (which we pass on at cost price), but this fee is much lower than you would pay to store other commodities, such as gold. We take a standard selling commission, which varies according to the level of assets you have.

Is investing in fine wine safe?

The security of your assets is of paramount importance to us, all wine stored with Cru is kept in secure conditions in one of our three storage facilities. You can see the location and status of all your wines at all times in your Account Management section. Cru cannot guarantee your wines will increase in value, but if you buy the best wines from the best vintages and show a little patience history suggests that you realise significant capital gains.

Are gains on wines taxable?

Cru is not authorised to offer formal tax advice. For UK investors the relevant HMRC legislation states that wine is a “chattel”, and therefore any deposal of less than £6,000 (January 2018) has no chargeable gain. Many UK investors also take advantage of the “wasting asset” exemption, where 100% of the gain is tax free if the wine is expected to last less than 50 years. But all investors should take appropriate advice from a regulated advisor on their own tax status.

IMPORTANT NOTICE

This report has been issued or approved for issue by an entity forming part of Cru (as defined below) and has been
forwarded to you solely for your information and should not be considered as an offer or solicitation of an offer to
sell, buy or subscribe to any securities or any derivative instrument or any other rights pertaining thereto (“financial
instruments”). This report is intended for use by professional or business investors only. This report may not be
reproduced without the consent of Cru.

The information and opinions expressed in this report have been compiled from sources believed to be reliable, but,
neither Cru, nor any of its directors, officers, or employees accepts liability from any loss arising from the use hereof
or makes any representations as to its accuracy and completeness. Any opinions, forecasts or estimates herein
constitute a judgement as at the date of this report. There can be no assurance that future results or events will be
consistent with any such opinions, forecasts or estimates. Past performance should not be taken as an indication
or guarantee of future performance, and no representation or warranty, express or implied is made regarding
future performance. This information is subject to change without notice, its accuracy is not guaranteed, it may
be incomplete or condensed and it may not contain all material information concerning the product or products
mentioned. Cru is not agreeing to nor is it required to update the opinions, forecasts or estimates contained herein.
The value of any products mentioned in this report can fall as well as rise. Foreign currency denominated products
are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or
income of such products.

This report does not have regard to the specific instrument objectives, financial situation and the particular
needs of any specific person who may receive this report. Investors should seek financial advice regarding the
appropriateness of investing in any products or investment strategies discussed in this report.
Cru (or its directors, officers or employees) may, to the extent permitted by law, own or have a position in the
products of any company or related company or products referred to herein, and may add to or dispose of any
such position or may make a market or act as a principal in any transaction in such products. Directors of Cru may
also be directors of any of the companies mentioned in this report. Cru (or its directors, officers or employees)
may, to the extent permitted by law, act upon or use the information or opinions presented herein, or research or
analysis on which they are based prior to the material being published. Cru may have issued other reports that are
inconsistent with, and reach different conclusions from, the information presented in this report. Those reports
reflect the different assumptions, views and analytical methods of the analysts who prepared them.

For the purposes of this disclaimer, “Cru” shall mean: (i) Cru London Limited; (ii) Cru Asia Limited and (iii) from time
to time, in relation to Cru London Limited and/or Cru Asia Limited, the ultimate holding company of that entity, a
subsidiary (or a subsidiary of a subsidiary) of that entity, a holding company of that entity or any other subsidiary of
that holding company, and any affiliated entity of any such entities.

Top 25 Italian Wines for Long-term Collection / Investment - We screened over 1,000 Italian wines for the best 25 combining high score, long drinking wine and low market price

11 Sep 2019

Dom Perignon 2008 - Upgraded to ‘Global Recommended List’ - Champagne is the best performing region in fine wine at the moment. Find out why this is, and why Dom Perignon 2008 is a 'must own' in this note

26 Aug 2019

13 Aug 2019

Château Margaux 2018 - Upgraded to Global Recommended List - Upgrade based on undervaluation versus other Margauxs, the quality of 2018 as a year and the fact that Lafite 2018 has sold now. SOLD OUT AT THIS PRICE

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8 Aug 2019

CRU LAUNCHES Global Recommended List - Top 25 Fine Wines for Long-term Collection / Price Appreciation over next 3-10 years. HK$1mm of wines which should form core holdings for serious collectors/investors

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2 Aug 2019

Beychevelle 2018 - Buy Now as Primary Market Clears - 2018 is probably best ever Beychevelle. But HK$3,800 (6x75cl) puts it deep in 'undervalued' territory on Beychevelle curve NOW SOLD OUT AT THIS PRICE

* Described by the Wine Advocate as "clearly the best Único produced in the last few years", the 2006 vintage of Vega-Sicilia's flagship wine has confounded experts by outperforming the 2004 and 2005, which by many measures should have been better vintages.8

* Indeed, this is a magnificent Único that delivers the power, polish and longevity that devotees have come to expect over the years from this legendary Ribera del Duero standard-bearer. It will start drinking next year with a long life ahead of it in the cellar, maturing elegantly through 2035 according to the Wine Advocate.

* The price of HK$6,375 (3x75cl) is extremely reasonable (considering the average score of 98). The only other two Unicos scoring 98 points are the 2009 and the 1998. We are offering the 2006 below the market price of the 2009 (despite 3 more years of aging), and at a whopping 62.5% discount to the 1998!

* The Unico 2006 looks like an excellent purchase for long-term drinking or investment, given its undervaluation in the market.

The Top 10 Bordeaux 2018 Wines for Investment - 2018 was the highest average scoring vintage of modern times, but where should wine investors put their money? Find out here.

19 Jun 2019

LAST CHANCE TO BUY: La Mission Haut-Brion 2018 - Cru Research #1 Most Undervalued En Primeur 2018 Wine. Same average critic score as 2009 and 2016 but cheaper.

• La Mission Haut-Brion 2018 is the most undervalued wine in our Top 10 EP 2018 Recommended List. It is -29% below fair value of HK$19,850 (6x75cl) based on our regression analysis of all modern vintages.

• La Mission 2018 is equal in quality to the 2009 and 2016 wines, with an average critic score of 98, but is significantly cheaper than both. The 100 point (WA) 2009 wine is trading 53% higher than the 2018, giving the latter significant room for appreciation.

• The 98-100 score from Wine Advocate gives the La Mission 2018 important optionality. If it were to get the triple digit score, we would expect an immediate jump of 20-25% in price.

• La Mission Haut-Brion has an efficient secondary market pricing (r2 = .86). This means that downside is very limited as the 2009, 2010, 2015 and 2016 are all trading higher. We are confident that this wine will correct upwards to at least its current fair value of HK$19,850 well within our 3-5 year time horizon.

14 Jun 2019

* Figeac has had a great run over the last decade, and has become one of the Right Bank's most celebrated and collectable wines.

* Figeac 2018 is the best vintage of modern times, and probably ever. Its average critic score of 98 is not matched any other year, not even the 2016. Wine Advocate wrote simply: "this is the finest Figeac ever produced."

* Although Figeac 2018 will be the most expensive modern Figeac, the price comparison graph shows that it is not over-priced, and is in fact releases bang on 'fair value'.

* Given that we tend to see a slight premium for the very best vintage of any one producer, we expect this offering to sell out as will be a 'must have' Figeac which we doubt collectors will ever be able to buy cheaper.

14 Jun 2019

14 Jun 2019

Carruades de Lafite 2018 - Good Upside Potential - Carruades 2018 is Joint Best Scoring Carruades of Modern Times, but Much Cheaper than most Back Vintages.

* Carruades de Lafite is the second wine of Chateau Lafite. It has been a strong investment performer over the past two decades and has a big global following.

* The pricing of Carruades in the secondary market is closer to a Champagne - in that all vintages tend to appreciate with age. So it is vital to buy Carruades at release when it is cheapest and allow it time to appreciate.

* But critic score is always important, and an average critic score of 93 makes this the joint highest ever scoring Carruades (with the 2010).

* In terms of what the 2018 can achieve in price appreciation, we look at the much lower scoring 2012 at HK$13,750 / 6. That is 20% above the release price of 2018, when the 2018 is much better quality. We think the 2018 should trade above the 2012 in 2-3 years time giving the potential for 25%+ upside over this time horizon.

* Carruades is a controversial wine. Not everyone thinks the price should be as high as it is. And it is true that for HK$11,855 / 6 there are higher scoring wines you can buy. But on the trading desk here we almost never see sloppy offers of Carruades. On the contrary, we field calls weekly from Asian buyers looking for back vintages of Carruades and when we get them they always sell quickly.

* So from a purely investment perspective, Carruades 2018 is clearly a BUY at this price.

13 Jun 2019

* Lafite was many professional taster's 'wine of the vintage'. It has two potential 100 point scores, with the all important option on a Wine Advocate perfect score.

* Lafite in 'investment grade' years is usually a sound investment buy, unless the release pricing is silly (as it was in 2009 and 2010). Thankfully '09 and '10 are a distant memory now, and Lafite has followed others in pricing with more than one eye on the secondary market.

* An average critic score of 98 makes Lafite 2018 the joint second best Lafite of the last 20 years (equal with the 2009). It is only bettered by the 99 average scoring 2016. But Lafite have taken this into account in pricing the 2018 at a slight discount to the 2016 current price, and at a 20% discount to the 2009. This puts the 2018 (just about) in the 'undervalued' section of our relative value graph.

* Given the perception of 2018 as a 'must have' year, and given the sensitive pricing, we see little downside in owning Lafite 2018 and see this a core 2018 holding over the next 5 years.

12 Jun 2019

Bdx18 Release: 99-100pt Margaux $25,500 /cs | First of the First Growths... a "Wine of the vintage" with three potential 100-points!

11 Jun 2019

Margaux 2018 is first First Growth out of the blocks - Pricing in Line with Expectations: Cheapest Margaux on the Market for the Score. Recommended BUY

* Chateau Margaux was the first First Growth to release at HK$ 25,500 (6x75cl).

* The pricing looks reasonable, below current trading levels of 2009, 2010, 2015 and 2016. On an average score basis only the 2015 can match the 2018 at 99 points.

* Margaux 2018 is undervalued on a score adjusted basis and we expect it to sell out. It has no less than three potential 100 point scores (Wine Advocate, Jeb Dunnuck and James Suckling) and hence long-term collectors and investors are going to want to own this wine.

* Fair value is around HK$32,000 (6x75cl) giving around 25% of upside potential for holders prepared to wait 2-3 years.

* Three potential perfect scores and restrained release pricing make this is an INVESTMENT BUY.

11 Jun 2019

Montrose 2018 Sticks with 2018 Campaign Pattern of Releasing in 'Undervalued' Territory - This is clearly a 'great' Montrose, and release pricing should allow for investment gains over next 24 months.

* A pattern has developed in the 2018 En Primeur campaign. Wines released in the 'Undervalued' section of our Value Comparison graph have generally sold out (and many have trade higher in the secondary market). And it is also clear that collectors have decided that 2018 is a vintage they want to own. Cru and other merchants have been surprised at the level of demand for a lot of the wines released thus far. This is crucial, because the initial reception of a vintage often sets the tone for how it will perform for years to come.

* The wine has an average critic score of 98, which is only matched by the (now famous) 2009. The 2009 market price is HK$1,790 per bottle, which is 38% higher than the HK$1,300 per bottle release price of the 2018.

* Montrose 2018 is clearly going to be a 'great' Montrose. This is a 30 year plus drinking wine which collectors will tuck away for the long haul. As such, we expect this to disappear from the primary market quickly, and we should see it trading at a small premium in the near future.

* With the highest average score of any recent Montrose, a reasonable release price and a very long life ahead of it, this is a wine we would recommend to investors and collectors with a 2 year plus investment horizon.

Bdx18 Release: 97-100pt Cos d'Estournel $8,820 /cs | Without a doubt one of the wines of the vintage... 'Regal, soaring Saint-Estephe'

4 Jun 2019

4 Jun 2019

Haut-Bailly 2018 New Release (and the 2016) are Both Investment Buys - These two vintages are the ones to own on a price / average score basis. Upside of 20% over 2 years.

* Haut-Bailly has been the 'up and comer' of Pessac since the 2009 / 2010 releases opened the world's eyes the quality that this estate can now produce. The 2009 achieved a (now) average score of 96, which has only been beaten by the 2016 and 2018.

* In 2016, serious critics converged on a view that Hailly-Bailly had made it to the very top table of Bordeaux (in quality terms, if not yet in price) with an average score of 97 points.

* Unlike wines like Pape Clement, which has a cult following but also divides broader opinion, Haut-Bailly is one of those wines that everyone just .... likes. Even the label has a kind of unpretentious appeal which our clients all over the world are attracted to.

* A potential 100 point score from Jeb Dunnuck is also a wild card for the Haut-Bailly 2018. But even without that both the 2018 and 2016 look undervalued on relative value analysis (see graph).

* Priced only around where they 2010 and 2015 (lesser wines) are currently trading, we see 20% upside to the HK$6,000-HK$6,250 (6x75cl) level over two years for both the 2016 and 2018, and hence they are smart additions to a portfolio at these levels.

4 Jun 2019

* The Champagne world is eagerly awaiting the release of the 2008 Salon. Didier Depond, Salon’s Managing Director, has called the 2008 one of the finest Salons ever. The 2008 release is now imminent.

* The 2008 release of Salon has significant implications. For the first time, Salon 2008 will be bottled in magnum (150cl) format only. There will be no 75cl bottles.

* Salon has said that the magnum-only bottling is due to the small production in 2008 and also ‘quality considerations’. The latter point is crucial, because if Salon thinks it’s Champagne is simply better in magnum format, it is possible that we never see a great vintage of Salon in 75cl bottle form again.

* As this possibility dawns on the market, we could see a scramble to secure the existing 75cl bottles which might turn out to have even great rarity value in the future.

* Last but not least, Salon Champagne is known to need at least 15 to 20 years of aging before reaching it’s drinking window, larger formats needing even longer than 75cl bottles. Thus we would anticipate a drinking window for 2008 Salon starting in 2030, giving more appeal to the current back vintages available on the market.

* Because allocations of Salon 2008 are also going to be minuscule, we expect a lot of interest in Salon back vintages over the next couple of weeks. So to get you ahead of the curve we have put together a vertical of Salon from 1976 to 2007. Some with specific case images,

3 Jun 2019

3 Jun 2019

Lynch Bages 2018 is the Best Lynch of Modern Times - But is it a Recommendation for Short or Long-term Investors? Find out in our one page analysis. Limited cases available to buy now.

* Lynch Bages 2018 is released today at HK$5,400 (6x75cl).

* Lynch Bages 2018 is quite simply the best vintage of recent times. Its average critic score is 98, which is much higher than the 2009 or 2010, and one point higher than the 2016. Drinking window looks like being to 2040 at the least, so this is certainly an investment grade vintage.

* A per bottle price of HK$885 is below the current price of the 2016 (average score of 97) at HK$928. So the 2018 is cheaper than the 2016 with one point more of average score. That puts it squarely in the 'Undervalued' section of our vintage comparison graph.

* Although the pricing is clearly not a complete give away, Lynch Bages released 28% less wine this wine than with the 2017, and hence they are clearly determined to support the secondary market price.

* In summary: we expect this release to sell out, and we expect a modest secondary market increase in price in the near term. Over the medium term, 2-3 years, we see 25-35% of upside as this catches up and then surpasses the 2009 and 2010 pricing. So this is clearly a strong buy for most investment buyers.

30 May 2019

29 May 2019

CRU ANNOUNCES HK$40 MILLION EXPANSION OF RARE AND FINE WINES - Many new aged wines added to range, with photos and condition reports available to view on our website. Many single bottles. (see Bordeaux 1990 as an example).

28 May 2019

28 May 2019

Troplong Mondot 2018 Pricing at HK$4,590 / 6 Should Work for Investors - Looks very attractive versus 2009, 2010 and 2016. Worth picking up 2015 at same time.

* Troplong Mondot 2018 pricing is HK$4,590 / 6 IB at release.

* Average critic score of 96 is the joint highest of any recent Troplong Mondot.

* As Fair Value graph shows, the 2018 looks much cheaper than the 2009, 2010 and 2016. Upside to similarly scored 2010 is 34%.

* Only similar value in the market today is the 2015, which also has an average score of 96 and which we would also recommend at these levels.

* This is a new era for this wine. It was picked several weeks earlier then many of their neighbours in order to focus on freshness and balance. We think that this new style will continue the positive momentum towards this estate which has been building in recent years.

28 May 2019

28 May 2019

Canon 2018 trades up 40% in secondary market (to HK$7,300/6) - Making first tranche buyers a quick 40% return. At HK$7,300 / 6 this wine is now 'fair value', but we continue to recommend this and the 2016 for longer term appreciation.

* We advised clients to buy Canon 2018 (6x75cl) at release price of around HK$5,154 and to target an initial selling price of above HK$7,300.

* On 26th May 2019 Canon 2018 (6x75cl) traded up at HK$7,300 on Cru in second market trading (giving first tranche buyers a +40% mark to market return).

* Canon 2018 now sits exactly on our 'fair value' line (see graph). But it still looks unvalued versus the 2015, and we would advise new buyers to continue to accumulated around these levels.

27 May 2019

* Pontet Canet was released today at HK$5,168 (6x75cl) or HK$860 per bottle. The chateau are claiming production was down 2/3 because they refused to compromise their biodynamism (chapeau!).

* Its average critic score is 96, which is the same as the 2016 and 2009. Versus the 2009, the discount of 42% looks sufficient given the 9 years of extra aging on the 2009. Versus the 2016 the discount of 10% is acceptable given the reduction in yields this year.

* What we have seen in this campaign so far is that wines appearing below our "Fair Value" line (see graph) have done really well (Calon Segur, Canon, Leoville Barton, Domaine de Chevalier, Rauzan-Segla etc.), whereas wines on or above the line have been slower (Gruaud Larose, Clerc Milon).

* Pontet Canet is on the 'undervalued' side of the graph and hence should be OK. Although short term price appreciation will be limited unless the 2016 gets bid up on the back of this.

* We would have liked to have seen a little more of a discount to the 2016, but we think with yields well down this release still works and we would be buyers at release price, although not as aggressively as for some other releases.

26 May 2019

Canon 2018 at Release Price Should Make Money for Investment Buyers - Wine looks undervalued versus 2016 and especially versus 2015. Buy and re-list at HK$7,000/6 or hold for longer term appreciation.

Chateau Canon is still modestly priced given the global demand for this wine. This wine had one of the highest levels of pre-orders of all Bordeaux 2018 En Primeur.

good value versus the 2016 (also 97 average score and HK$1,160 per bottle). And it is especially attractive versus the 2015 which has an average scrore of 'only' 96 and a market price of HK$1,650.

We see very little downside to buying Canon 2018 at release price and anticipate a modest short term increase to around the 2016 price +20-25% as stocks sell out (Canon only produces around 7,500 cases a year).

Longer term, we regard both the Canon 2016 and (now) the 2018 as undervalued and we expect them both to outperform the wider market over a 3-5 time horizon.

Buy at release and re-list at HK$7,000 (6x75cl) or hold for longer-term appreciation as both the 2016 and 2018 converge on the 2015 price.

23 May 2019

Claims of best vintages ever for any estate are always eyebrow raising but here, in our opinion they are entirely justified. The highest potential rating ever from the Wine Advocate serves to underline just how impressive this year is for classic Second Growth Gruaud Larose.

With 94-97 points and a drinking window of 2027-2040 this is a magnificent wine that captures the essence of Saint Julien in 2018. With such a propensity to age and improve there is similarly a long window for the value to appreciate and considering its position relative to previous vintages, it is poised to hit new heights for Gruaud Larose.

Cheaper than 2009 and 2010 yet better than any other vintage to date in terms of average rating, this is a no brainer buy from this rising Super Second and En Primeur will be the best time to ensure you get it at the best price.

23 May 2019

22 May 2019

Pavie-Decesse 2018 - Looks a Good Investment Purchase at HK$5,553 / 6 - Great relative value analysis, potential 100 points from Jeb Dunnuck and a much higher priced 2009 with same score

Three reasons to buy Pavie-Decesse 2018 for price appreciation:

1. Pavie-Decesse is a Saint-Emilion Grand Cru. It is serious wine.

2. The 2018 has an average score of 97 (joint highest in recent memory). Jeb Dunnuck might give it 100 points (his range is 97-100). He called it “one of the great wines of the vintage”. You won’t be able to buy any of the other ‘great wines’ of 2018 at anything like this price.

3. The only other wine with an average score of 97 is the 2009. The 2009 costs HK$1,500 per bottle. The 2018 is only HK$900. The 2009 is 66% more expensive, implying excellent investment performance for the 2018.

We advise buying this today and re-listing at HK$5,995 to target a near 10% return once the first tranche allocation runs out.

21 May 2019

One of the best buys in Pomerol in any vintage is always Petit-Village and 2018 it defies even the highest expectations and has made itself one of the smartest buys in all of Bordeaux.

Not only has it garnered its highest ratings to date, it has released at a superbly reasonable price, placing it among the best price-per-points wines in the Right Bank.

With 96-97 points from James Suckling and a drinking window extending for over 20 years there is no box unticked by this beauty of a Pomerol. Lovers to classic Right Bank wines will not want to miss out on adding a few boxes to their collection.

21 May 2019

20 May 2019

Bdx18 Release: 96-97pt Rouget $2,166 /cs | 'This full-throttle Pomerol is a real star in 2018'... One of the smartest buys on the Right Bank

Château Rouget is one of the smartest bottles of wine coming out of Pomerol these days. Not that it's about to challenge the likes of VCC, Petrus and Le Pin for prestige and glamour, but the quality surge of late has been thoroughly impressive and the scores have followed.

What has not followed suit is the release price. They have remained brilliant value, even with their superb, 96-97 point effort in 2018 they are releasing at an abundantly reasonable price considering it is among the highest-rated wines ever from the estate.Antonio Galloni described it as "a beauty in 2018... a real star," while James Suckling applauds how the wine "sings with a level of purity and precision" that he has never seen before.

When we tasted this wine we were completely enthralled, pleased to see it continue its upward trend in quality and for it to take full advantage of a great vintage on the Right Bank. It Rouget is clearly making a case for itself these days and that case is entirely compelling.

13 May 2019

Chateau Duhart-Milon is a Pauillac estate owned by Domaines Barons de Rothschild (owner of Chateau Lafite). It is a Fourth Growth estate which has a wide global folllowing because of its association with Lafite.

We like the Chateau Duhart-Milon 2018 release at HK$3,300 / 6 because it has the highest average critic score of any recent Duhart-Milon (95 points).

A per bottle price of HK$550 makes the 2018 "Undervalued" versus other vintages (see Value Comparison graph on right).

Critic Jeb Dunnuck was in no doubt as the quality of this wine, writing that it "should match or exceed the brilliant 2009".

2 May 2019

We said in our vintage report that 2018 is a great vintage for Saint-Emilion with Jane Anson capturing our feelings exactly when she said, "I have rarely enjoyed the wines from this appellation as much as I did in 2018. They definitely rival the brilliant 2015s in St-Emilion."

A number of top Chateaux reinventing themselves, defying a vintage with abundant potential for overt extraction and soaring alcohol levels. Instead the best properties displayed remarkable restraint and finesse and today's releases are the ideal case-in-point.

Angelus has a secret weapon in 2018. No it's not the fact that they used 100% new oak barrels for the first time. They are maturing their wine for the first time ever in terracotta amphorae (where are we - Burgundy?) which really did wonders in harnessing the raw power and flamboyance of the vintage.

Releasing at the lowest price since 2015 it is one of the best value vintages on the market of Angelus, and considering it's potentially perfect score, simply one of the best ever.

29 Apr 2019

29 Apr 2019

Bdx18 Release: 95-97pt Laroque $1,160 /cs | "Most certainly a property to watch" (WA). A grand triumph of 2018 and major winner for value and quality

Laroque releases today as one of the grand triumphs of 2018. One of the most ancient properties in Saint Emilion dating back to the 1300s, it is always a good value, but in 2018, they have produced their best wine yet!

Following a similar path to Marquis d'Alesme, they have put real elbow grease into reinvigorating the estate. Major investment starting in 2015, alongside consultation from the winemaker of Saint-Émilion all-stars Larcis Ducasse and Beauséjour Duffau, has quickly yielded remarkable results. Located not far from one of the appellations heavy-weights, Pavie Macquin, it is "most certainly a property to watch" (Wine Advocate). Scoring a huge 95-97 points from Wine Advocateand releasing at just $1,160 per case, this is a major winner for value and quality working in tandem in 2018.

25 Apr 2019

Marquis d'Alesme has been one of the fastest rising gems in Bordeaux, benefiting from a run of great growing seasons and a rejuvenated winery (a savvy name alteration didn't hurt).

After a magnificent re-scoring upgrade of 2016 in bottle, today's release of the 94-96-point (WA) 2018 is a welcome release. Winemaker Marjolaine de Coninck has proven her mettle again in 2018s complex growing season, fashioning a wine that magnificently reflects the estates unique terroir.

Despite the recent flourishing quality of Marquis d’Alesme, it remains surprisingly under-the-radar, only known to those who have been paying close attention to its increasing accolades. One of the few wineries in Bordeaux to celebrate its Lieu Dit (smacks of Burgundy?), this is right up our street, especially in an age when most château of its level tend toward overt muscle and extraction in order to score easy points. Not so with this beauty!

They've done it the right way with good old fashioned quality and style. A top value buy at $2,010 per case, it only takes a cursory glance at the comparative pricing and scores of more illustrious Margaux 3rd Growths; Giscours, Malescot St. Exupery, d’Issan to see that Marquis d'Alesme has produced one of the best buys of the vintage.

TOP 10 CHEAPEST 100 POINT ROBERT PARKER WINES IN HONG KONG | Excellent buys for price appreciation or drinking pleasure.

6 Mar 2019

With last Friday’s release of Jeb Dunnuck’s (formerly of the Wine Advocate) report on the 2016 Bordeaux vintage in bottle, there was one wine in particular that immediately stood out to us as one of the must-have wines of the vintage and unsurprisingly that wine is 2016 Domaine de Chevalier Blanc. With a stunning 99 point upgrade from Jeb, he also definitively declared it “The white of the vintage,” which is no small feat when compared to the likes of Smith Haut Lafitte Blanc and Haut Brion Blanc, the latter which was awarded the same score and which currently trades for nearly 10 times the price!

And this extraordinarily complex and concentrated blend of 75% Sauvignon Blanc and 25% Semillon, is still just a baby, as Decanter critic Jane Anson pointed out in her December report, “This is so young right now, which seems crazy to say for a white wine, I know. But at two years old it has hardly begun to gather us to its side, let alone reveal its secrets. This will clearly have plenty to show in a few years' time.” We have managed to snag a parcel at an unbelievable price of 10% below its initial release price, and considering its scores have only soared amongst critics upon their recent retastings, we suggest you act quickly!

4 Mar 2019

Just Scored 99pts (WA) New Release Continuum 2016 | The highest ever score for this Napa Icon from the legendary Mondavi Family

1 Mar 2019

The Official Top 50 Best Value Fine Wines - March 2019 - The best value fine wines out of our list of 6,250. All wines have 95 points from WA and at least 5 years left on drinking window

Our official “Top 50 Best Value Fine Wines” list for February 2019 shows the world’s best value fine wines. We screened 6,250 fine wines for:
- 95 points or better from Wine Advocate.
- At least 5 years of Drinking Window left from today.
- Sorted by Lowest price per Wine Advocate point.
This Top 50 list is the official list of the Top 50 cheapest fine wines available on Cru in Hong Kong.
This list will be published on the first day of each month.
The wines at the top of this list are likely to sell out very quickly.

19 Feb 2019

Joining White Burgundy Legends; Leflaive, Comtes Lafon and Jean-Claude Bachelet as the highest scoring whites of the vintage, including three in Vinous' top 10 Chassagne-Montrachet's (2 in the top 5). The 1ers and Grands Crus are among those wines making the case for 2017 as one of the great all-time white wine vintages.

18 Feb 2019

The 2015 vintage was a sensational vintage in the Rhone, but it excelled in particular in the Northern Rhone. Established in 1946, Guigal is one of the most historical and significant Domaines in the Northern Rhone, with founder Etienne Guigal having been credited as being one of the first winemakers to recognize the enormous potential of Cote-Rotie, where Guigal has since built their reputation upon the “Holy Trinity” of Northern Rhone special cuvees, La Mouline, La Landonne and La Turque, collectively referred to as “the La Las”.

18 Feb 2019

• Great Burgundy wines are produced from top quality vineyards in excellent vintages. It does not matter what type of producer has their name on the label, provided they produce wines using the utmost skill and care.
• Given the recent rise in prices for top Burgundy wines, we are urging clients to look for value in top “négociant” wines, especially those with top scores from Grand Cru vineyards (the highest classification) where “domaine” wines trade at much higher prices.
• Négociant wines often trade at a discount to similarly scored ‘domaine’ wines. We see no real reason for this and feel that it is a market opportunity.
• We have found 8 Grand Cru négociant wines from the heralded 2017 vintage with good scores which are priced at a discount (in some cases over 50%) to comparable domaine wines.
• We believe that these wines could see significant outperformance over the next 3-5 wines as the price gap closes.

15 Feb 2019

Ex-Cellars Release of mature Opus One | Extremely Limited quantities of The original Napa First Growth at VERY SHARP PRICES!

"This Pauillac lookalike, made by the staff at Mouton Rothschild, is a beauty." Wine Advocate

The original Napa First Growth, possessing genuine Bordelais Premiers Crus credentials, Opus One is a wine with few rivals.

Few brands are more in demand upon release than the iconic Opus One; with steady and consistent increase in value with every vintage release. Due to their scarcity, back vintages are always highly sought-after with prices showing a steep appreciation curve correlating to bottle age, which is why this extremely limited Ex-Cellars release of the "impeccable" 2009 is such a rare opportunity. Likewise the 2012 is still available at an excellent price considering the steady growth that can be seen amongst comparably priced vintages with increasing bottle age (96pt 2010 trades at £1,550 / 95pt 2009 trades at £1,650).

Both vintages are priced extremely sharply to the global market. With scores always occupying the high 90s and 100 points for the 2013, these are must-haves for collectors of blue-chip icons.

14 Feb 2019

Greatest Ever Vintage... 97-point Guado al Tasso 2015 | The highest scoring vintage to date for one of the best value Super Tuscans on the market.

"The 2015 is magnificent... arrestingly beautiful from the very first taste. I am struck by the wine's translucent color and overall level of finesse. Wow!" Antonio Galloni, Vinous

2015 is heralded as one of Tuscany's greatest modern vintages, rivalling the legacy of the equally lauded 2010. A 'star performer' from the pantheon of overachievers in 2015 is this 97-point Guado al Tasso, the highest scoring vintage to date from leading wine publications Wine Advocate and Antonio Galloni, Vinous.

A no-brainer for collectors and investors, especially given its abundantly reasonable price point. Matching the average score of its 2015 peers, Guado al Tasso offers immense value, particularly when compared to Ornellaia and Sassicaia (between 50-55% less), but even against stablemate Tignanello (up to 10% less). It is without doubt one of the best value 2015 Super Tuscan on the market.

13 Feb 2019

The Top 5 Cheapest 95+ points (Wine Advocate) Australian Wines Available Today! - We screened 438 Australian wines to find the Top 5 cheapest top quality wines. We selected only those with 95 points + from Robert Parker (Wine Advocate).

We screened 438 Australian wines to find the Top 5 cheapest top quality wines. We selected only those with 95 points + from Robert Parker (Wine Advocate).

Here are the Top 5 Cheapest (cheapest defined as lowest price per WA point): See Table

We believe that all of these are significantly undervalued and represent a good trading buy for our trading clients. Or they will be excellent to drink now as mature quality Australian wines.

All these are live to buy on Cru currently (subject to availability).

13 Feb 2019

100-point Sassicaia 2016 | Over-subscribed New Vintage Release to get your hands on while you can!

Easily the most eagerly-awaited Italian release of the year, there is nothing quite like Sassicaia. The anticipation for this latest release has been simmering for some time and with the release of Wine Advocate's perfect 100-point rating, that excitement has hit fever-pitch.

Described as "a wine of soaring achievement," Monica Larner has stated in no uncertain terms that "the 2016 Sassicaia stands tall next to the epic 1985 vintage that set the ultimate benchmark for vino italiano." Sassicaia is one of the most consistently over-subscribed wines on the market and reliably sells out on release. Naturally, this means that once it hits the secondary market it's off to the races, gaining value at a surprising rate.

The drinking window, and therefore the window for value appreciation, extends through to the midway point of the century and given the well-established pattern of returns for previous vintages, this is a no-brainer.

12 Feb 2019

11 Feb 2019

Clos Saint Jean Chateauneuf-du-Pape La Combe Des Fous 2016 | The most exciting addresses not only in France, but in the entire wine world - 98 points Jeb Dunnuck and only HK$4,150

Founded in 1900 by Edmund Tacusse, Clos Saint Jean has been producing wine now for over a century. In 1991 when the current owner Guy Maurel sadly passed away, his sons Pascal and Vincent Maurel took over the estate. In 2002 they brought “on board rock star consultant Philippe Cambie, the Maurel brothers has been knocking it out of the park in literally every vintage” (Jeb Dunnuck).

The buyers at Cru have managed to fight for a small number of cases of the single vineyard La Combe Des Fous 2016 which is made up of cuvee from a single plot of vines, mainly Grenach with a touch of 20% Syrah and 10% each of Vaccarese and Cinsault. The result? One hell of a Chateauneuf-du-Pape that demonstrates both power and finesse with plenty of tertiary of smoke, game and spice. Vincent concludes that "2016 will be one of the greatest vintages in a very long time, maybe the very best”.

Deep ruby-colored and offering a heavenly bouquet of black raspberries, toasted spiced, cured meats, licorice, and cured meats, the 2016 Châteauneuf-du-Pape Combes des Fous is awesome on the palate, with a silky, seamless profile that just keeps on going. Possessing ultra-fine tannin, no hard edges, and a huge finish, it’s a phenomenal bottle of wine. The fact that it was bottled just one month ago makes this showing even more impressive. 98 Points, Jeb Dunnuck

5 Feb 2019

• Contrary to popular opinion, there is still great value in Burgundy, even from famous producers from Premier and Grand Cru vineyards. But you have to know where to look!
• We screened 200 of the current Burgundy 2017 wines to find the “Top 25” highest score / lowest price wines. We were surprised to find so many undervalued wines still available. But these won’t stay on the market for much longer, and once sold they will be very difficult to find again at primary market prices.
• All of these wines scored at least 93 points from a leading Burgundy Critic (Burghound, Wine Advocate, Vinous or Decanter).
• The wines towards the top of the list are the most undervalued.

4 Feb 2019

1 Feb 2019

The Official Top 50 Best Value Fine Wines - February 2019 - The Best Value Fine Wines out of our list of 6,250

Our official “Top 50 Best Value Fine Wines” list for February 2019 shows the world’s best value fine wines. We screened 6,250 fine wines for:
- 95 points or better from Wine Advocate.
- At least 5 years of Drinking Window left from today.
- Sorted by Lowest price per Wine Advocate point.
This Top 50 list is the official list of the Top 50 cheapest fine wines available on Cru in Hong Kong.
This list will be published on the first day of each month.
The wines at the top of this list are likely to sell out very quickly.

30 Jan 2019

Burgundy 2017: Best Buys | Brilliance and value at every level... from entry-level bargains to Grands Crus

30 Jan 2019

Time for a Dip in the Rhone? - Why is Everyone Buying Rhone Wines at the Moment? Are there any Opportunities Left?

• Rhône Valley wines have lagged the fine wine market for five years, but in last six months they have outperformed. Hong Kong collectors’ interest in the Rhône Valley has grown recently for three reasons:
1. Three strong Rhône vintages in a row (2015, 2016 and 2017);
2. Jeb Dunnuck is now a vocal and credible independent ‘champion’ of Rhône wines in Asia.
3. Despite recent price rises, Rhône Valley wines are still significantly cheaper than similarly scored wines in other regions.
• We screened 484 Rhône wines and came up with a Top 15 wines for 3 to 5-year price appreciation. Our selections are all:
- 98 to 100 points by Wine Advocate;
- Long remaining Drinking Window; and
- Cheapest price for their score.

29 Jan 2019

The Ten Cheapest 100 Point Robert Parker Wines May Surprise You - See who makes the list of the ten cheapest perfect scoring wines today.

• We screened 154 wines which score a clean 100 points from Wine Advocate.
• The cheapest 10 wines might surprise you.
• These 10 wines are likely to be great performers for collectors, as they are much cheaper than the average for 100 point wines.
• All the wines on the list are available in limited quantities on www.cruworldwine.com now.

Terroir al Limit | Is this the best Priorat on the market? We think so... Up to 99pts for 2015s from Catalunya's top estate

17 Jan 2019

17 Jan 2019

Is Top Burgundy Wine Still a Good Long-Term Investment? - A deep dive into super premium Burgundy pricing. Can the recent performance be sustained?

• Burgundy has outperformed other wine regions over the past 5 years, rising 104% in value.
• This appreciation raises questions about the sustainability of prices, and whether further price appreciation can be expected from here.
• We analysed the top 80 Burgundy wines (by price) of the 2015 vintage.
• We found that top Burgundy Wines have a number of characteristics which are supportive of their secondary market pricing. Most important are:
1. Global demand for Burgundy continues to grow.
2. Vineyard sizes and production are tiny versus other investment wines.
3. Burgundy is rarely re-sold once purchased.
4. Top Burgundy wines are long-lived.
5. Cost of carry (storage and insurance) for top Burgundy is negligible today.
• We conclude that prices for top Burgundy are not unreasonable given the supply / demand imbalance, the long-dated and high-quality nature of the assets and the low cost of carry. We see no reason why top Burgundy will not continue its run of strong performance.

Roger Sabon 2017 | New releases from the Rhône's most consistent performer... Up to 100 points from Wine Advocate!

10 Jan 2019

4 Jan 2019

Is Top Burgundy Wine Still a Good Long-Term Investment? - A deep dive into super premium Burgundy pricing. Can the recent performance be sustained?

• Burgundy has outperformed other wine regions over the past 5 years, rising 104% in value.
• This appreciation raises questions about the sustainability of prices, and whether further price appreciation can be expected from here.
• We analysed the top 80 Burgundy wines (by price) of the 2015 vintage.
• We found that top Burgundy Wines have a number of characteristics which are supportive of their secondary market pricing. Most important are:
1. Global demand for Burgundy continues to grow.
2. Vineyard sizes and production are tiny versus other investment wines.
3. Burgundy is rarely re-sold once purchased.
4. Top Burgundy wines are long-lived.
5. Cost of carry (storage and insurance) for top Burgundy is negligible today.
• We conclude that prices for top Burgundy are not unreasonable given the supply / demand imbalance, the long-dated and high-quality nature of the assets and the low cost of carry. We see no reason why top Burgundy will not continue its run of strong performance.

Bodegas Volver | 95pts for Chris Ringland's Cult Spanish Gem... "One of the top value wineries in all of Spain"

2 Jan 2019

1 Jan 2019

Equities are Sinking … but Fine Wine provides a Safe Haven - Fine Wine (Liv-ex 100) has now outperformed most European and Asian equity markets over five years.

• Global equity markets are entering bear market territory. But Fine Wine continues to rise in value.
• Fine Wine has now outperformed major European and Asian equity markets over the past 5 years (+21%). And it has been far less volatile.
• The structural reasons for Fine Wine’s excellent performance remain unchanged.
• As the long equity bull market comes to an end, we recommend that sophisticated investors increase their weighting in Fine Wines.
• We recommend that investors new to the asset class buy a replicating basket of the Liv-ex 100 Index of the highest quality wines.

19 Dec 2018

• Château Léoville Poyferré is now regarded as one of Saint-Julien’s, and the Left Bank’s, very finest producers.
• Since Robert Parker assigned a perfect 100-point rating to the 2009 vintage, Léoville Poyferré has increasingly been on investors’/collectors’ radar screens.
• Investors who bought the 2009 vintage en primeur for SG$790 (6x75cl) have seen their investment rise almost 100% to a current price of SG$1,531 (6x75cl).
• On 30th November 2018, Robert Parker’s Bordeaux critic Lisa Perrotti-Brown re-scored the 2016 vintage (which had originally been scored 95-97 by then critic Neil Martin). She upgraded it to 97+ points, which puts it in the joint top three highest ever vintages of Léoville Poyferré (bettered only by 2009 and 2010).
• The secondary market price of the Léoville Poyferré 2016 hasn’t moved, as the market is still digesting the primary release.
• At SG$718 (6x75cl in bond) this wine is still offered at release price, and we think represents excellent long-term value versus investment grade back vintages.
• Drinking window to 2050 gives a seriously long window for price appreciation.

28 Nov 2018

Joseph Drouhin A long-standing classic in the Côte d'Or | No compromise on quality. The best of modern and traditional Burgundy,

27 Nov 2018

Domaine de la Pousse d’Or A combination of power and elegance | Ageing exceptionally well. One of the great domaines of all of Burgundy.

.

Domaine de la Pousse d’Or, situated in the heart of the village of Volnay, is one of the great domaines of all of Burgundy.

A regional specialist in the Côte de Beaune, they are known for their superb Volnays and Pommard as well as increasingly their whites from Puligny-Montrachet. Their enthralling combination of power and elegance makes them the darling of many a critic and has earned them a devoted following around the world.

Their wines age exceptionally well, gaining weight and fitness over the years. Increased investment in the winemaking facilities in recent years has elevated them from folk status to rock star in short order!

Top-Tier Bordeaux Undervalued 2014s | VCC, Mouton, Haut-Bailly & More

12 Nov 2018

• Bollinger RD 2004 champagne is an excellent long-term investment opportunity.
• Bollinger RD 2004 scores 97 points from Robert Parker’s Wine Advocate - highest in its class and higher than Krug 2004 and Dom Perignon 2004.
• Champagne is on a price charge right now. Bollinger RD 1990 (the closest comparable to 2004) has risen 65% in the last 3 years!
• 2004 is an exceptional investment Champagne vintage which will be collected and prized for decades to come.
• Back vintage analysis suggests that RD 2004 will perform well. The price movement of the RD 1990 implies price appreciation of inflation + 8% CAGR over the next 14 years for RD 2004.
• A Drinking Window out to 2034 gives lots of time for price appreciation.

2 Jul 2018

• Opus One is a joint-venture between Robert Mondavi and Bordeaux’s Baron Philippe de Rothschild (of Château Mouton-Rothschild).
• Opus One has become a major collectable wine around the world, with excellent historical performance.
• Opus One is not efficiently priced by the market at the moment. Its Price / Score curve slopes downwards, with a low r2. This creates a buying opportunity in the 2013 and 2014 wines, which the graph shows to be significantly undervalued versus older vintages.
• Opus One 2013 scores 100 points from James Suckling, the first Opus One to receive a perfect score. Fair Value is around HK$21,250/6, giving upside of over 27%.
• Opus One 2014 scores 97 points. This is the second highest score achieved by Opus. Fair Value is around HK$18,850/6, offering a return of 21%.

2 Jul 2018

• Opus One is a joint-venture between Robert Mondavi and Bordeaux’s Baron Philippe de Rothschild (of Château Mouton-Rothschild).
• Opus One has become a major collectable wine around the world, with excellent historical performance.
• Opus One is not efficiently priced by the market at the moment. Its Price / Score curve slopes downwards, with a low r2. This creates a buying opportunity in the 2013 and 2014 wines, which the graph shows to be significantly undervalued versus older vintages.
• Opus One 2013 scores 100 points from James Suckling, the first Opus One to receive a perfect score. Fair Value is around HK$21,250/6, giving upside of over 27%.
• Opus One 2014 scores 97 points. This is the second highest score achieved by Opus. Fair Value is around HK$18,850/6, offering a return of 21%.

MONTROSE 2014 - 97 Points from James Suckling, Vinous and Decanter! | 2014 is the vintage on everybody's lips these days..

26 Jun 2018

VIETTI 2014 Up to 98 Points (AG) From $1,975 /CS | 'A wine of laser-like focus that will leave Barolo lovers weak in the knees'

26 Jun 2018

DIAMONDS IN THE ASHES: 7 Best Picks from Bordeaux En Primeur 2017 - Analysis based on Regression Curves of Most Undervalued Wines

• The Bordeaux 2017 en primeur campaign was patchy. Sensibly priced wines sold well, but aggressively priced names were rejected by collectors who are ever more aware of secondary market pricing.
• With almost all 2017 wines now released, we have analysed the market to identify the ‘must buys’ of 2017. We have uncovered 7 wines which were released at significant discounts to our new ‘fair value’ calculation.
• We are recommending Lafite, Lynch Bages, Montrose, La Mondotte, Leoville Barton, Beychevelle and Talbot as representing the best value of the 376 wines we analysed.
• The best price performances are likely to come from Lafite, La Mondotte and Beychevelle.
• The analysis below uses our new ‘Value Comparison’ graphs which are now available on all product pages under the tab “Value Comparison”.

19 Jun 2018

The original, great Torbreck 'Runrig' Barossa Shiraz is only one third the price of other 'super-premium' Aussie wines (think Grange and Hill of Grace), however many still consider it to be one of the greatest expressions of the Syrah grape made in Australia today.

11 Jun 2018

In recent note recommending the 100 point RP Haut-Brion 2015, we presented analysis showing how we expected the 2015 to perform given where the 100 point Haut-Brion 1989 was currently trading. That note, published on 21st May 2018, used £19,000 as the Market Price for Haut-Brion 1989. But at the end of last week the 1989 traded up to £25,000 for 12x75cl on the Liv-ex exchange - a rise of 32% in just two weeks. Based on the new current price (£25,000) for Haut-Brion 1989 we are revising up our Target Price for Haut-Brion 2015 to £21,500 (6x75cl) in 2044 (when the 2015 will be as old as the 1989 is now). The expected total CAGR is now projected for Haut-Brion 2015 is now projected to be 8.23%.
We re-iterate our Strong Buy recommendation on Haut-Brion 2015 around the £2,700-2,800 level (6x75cl) IB.

NEW RELEASE: Troplong Mondot 2017 95-98 (AG) $4,608 /cs | 'Easily one of the wines of the vintage'

8 Jun 2018

8 Jun 2018

NEW RELEASE: Cos d'Estournel 2017 97-100pts (WA) HK$6,900 /cs | One of the Top 3 Wines of the Vintage

A purer, more translucent colour than usual. Very forward nose with bright black fruit, a touch of spice and elegant complexity. Very pure aromatics. The palate is exceeding engaging, thick and yet still fresh. Classic Cabernet aromas and flavours dominate throughout. A fine representation of the vintage, especially following on from the 16. No frost damage at all, Cos is on great form in 2017.

25 May 2018

• Le Clarence de Haut-Brion 2015 is the 2nd wine of Haut-Brion. It is the highest ever scoring Clarence (93+).
• We are recommending it because it is undervalued versus the other 2015 First Growth second wines, and because we believe it will appreciate with the 100-point Haut-Brion 2015 over time.
• Le Clarence 2015 is 50% cheaper than the other First Growth second wines from 2015, despite having a higher score and a much better scored first wine.
• Drinking window for Le Clarence de Haut-Brion 2015 is to 2039, making it a long-dated investment wine.
• We believe it can appreciate for 20 years at almost 6%, to reach HK$18,800 at the end of its drinking window in 2039.

24 May 2018

• Penfolds Grange 2013 is only the third Grange ever to score 100 points from Robert Parker’s Wine Advocate.
• We are recommending Penfolds Grange 2013 as a long-term holding based on its: 1) excellent track record which promises at least a 4.1% real terms increase for 40 years, 2) the discount to comparable Bordeaux wines and 3) the extremely long drinking (i.e. price appreciation) window to 2057.

22 May 2018

• Haut-Brion 2015 is the cheapest 100-point First Growth in the World. But Haut-Brion 1989 (also 100 points) is one of the more expensive.
• Analysing the ‘forward curve’ for Haut-Brion 100-point wines shows a steady 5% annual return after inflation for almost 30 years.
• 30-Year US Treasury inflation protected bonds only yield 0.97%.
• Drinking window for Haut-Brion 2015 is to 2075!

25 Apr 2018

BORDEAUX 2017
CHÂTEAU PALMER
97-98pts | £1,175 IB per 6
Plus 92-93pts Alter Ego
17% Below 2016!
BUY NOW
"This is a sexy and well-formed 2017... Extremely long and last for minutes."
James Suckling
"Super fresh... Mouthwatering... This stands out from the pack."
Wine Spectator
Easily one of the most well-regarded wines each year, Château Palmer is the Margaux for those in the know.
Scoring a superb 97-98 points, this is one of the best wines of the vintage, though you could pretty much say that about any Palmer release! When we tasted at the Château earlier this month we were struck by the balance, freshness and stylish finesse it showed.
With its release this morning we are happy to see that in terms of value it is as good as it gets. Releasing at a full 17% below 2016's market value, and less expensive than any top vintage on the market (see table below), this represents a rare, genuine value for blue-chip Bordeaux.
A classic top performer, with quality that regularly challenges the First Growths. Palmer is not as dear as Château Margaux, yet always receives the same range of scores; James Suckling gave a matching 97-98 points to both in 2017. You might not immediately think of Palmer as a good value wine, but that is exactly what it is!
Alongside the Grand Vin, Alter Ego de Palmer offers very good £-per-points value, scoring 92-93 points and offered at £295 IB per case. The 2017 is, as Suckling puts it, "a serious second wine" and we are of the opinion that its freshness and clarity make it one of the best Alter Egos of the past decade.
Always a popular second wine, it will age as well or better than many a Grand Vin. There is a lot to like about this vintage, being described as "rich and very deep" as well as "layered and flavourful".
The 2017 edition of Palmer and its magnificent second wine is one of the best tandem performances of 2017, and as you can expect, it is bound to sell quickly!

Barolo legend Aldo Conterno | The 'thrilling' 2014 vintage release

19 Apr 2018

Bibi Graetz Testamatta 2015 | 'One of the most original expressions of Sangiovese' James Suckling

19 Apr 2018

TIGNANELLO 2015: TIG TICKS ALL THE BOXES

• Antinori is Italy’s most prestigious and recognised fine wine producer (Robert Parker’s Wine Advocate) and Tignanello is the first and original “Super Tuscan”.
• 2015 is the highest ever score for Tignanello: 98pts from James Suckling.
• Mature, but lesser, vintages trade at significant premiums to the 2015: 2006 and 2004 are both trading more than 50% higher. Plenty of price appreciation potential.

4 Apr 2018

• Cristal is one of the world’s most prestigious Champagnes; historic price performance has been excellent.
• Cristal 2009 Magnums are significantly undervalued versus all other Cristal vintages.
• When the next vintage (2008) is released later this year we expect the 2009 to revalue upwards in price.
• 24-month price target is HK$3,500. Upside is +21%.

28 Mar 2018

KAESLER TRADING OPPORTUNITYy | Buy Below Market Direct from Winery

• We are offering a major trading opportunity in a portfolio of wines from the top Australian producer Kaesler.
• Cru clients can buy wines at a very significant discount to market and sell over time (through Cru online trading platform) to realise profits.
• Kaesler wines are top quality, high scoring, long lived, well presented and scarce in Asian markets.

20 Mar 2018

MATURE MAGNUMS OF PENFOLDS GRANGE: A Great Way to Collect

We have written before that Australia’s Penfolds Grange is the premier New World wine brand. Grange is produced from Shiraz grapes (with some Cabernet Sauvignon) and comes from the best parcels of Penfolds’ South Australia estates. Production is a closely guarded secret, but 7,000 to 9,000 cases annually is a good estimate. Penfolds (and owner Treasury Wine Estates) is very ambitious for the Grange brand and has succeeded in creating a long-term collectable wine which rivals the best of the Old World. No fine wine brand is working harder in China to develop its reputation (and hence pricing power). Grange has a long and illustrious history, first produced in 1951. Older vintages are increasingly rare and are now highly collectable. Only a very small quantity of Grange is bottled in magnum each year.

20 Mar 2018

• Italy’s Antinori makes Tignanello and Solaia – two of the most celebrated ‘Super Tuscan’ wines.
• Guado al Tasso – another Antinori ‘Super Tuscan’ from the prestigious Bolgheri DOC - is poised to outperform in price terms as its relative undervaluation becomes more obvious.
• Guado al Tasso 2013 is one of the best ever vintages made of this wine and should be much closer in price to other top ‘Super Tuscans’.

12 Mar 2018

NICOLAS CATENA ZAPATA 2013 | Could it be the Next Almaviva / Sena?

• Our clients have made good returns recently in South American names like Almaviva and Seña.
• We believe that the next South American top wine to take off could be Nicolás Catena Zapata.
• Nicolás Catena Zapata has all the attributes we require in an investment wine.
• Almaviva and Seña current vintages trade at a 100% premium to Nicolás Catena Zapata 2013, offering lots of scope for price ‘catch up’.

10 Mar 2018

BORDEAUX RECOMMENDATION | 95+ pts Robert Parker St Emilion - One of the Best Value wines of the vintage - Lowest Price in Hong Kong

Château Clos de Sarpe is run by the third generation of the Beney family. The vineyard is treated like a small garden with a deep respect for nature. This St. Emilion Grand Cru is only made in tiny quantities. The wine is a style traditional; tannic, intense and seriously concentrated. 85% Merlot and 15% Cabernet Franc. This is another right bank chateau that has seen a rise in popularity in recent years, and understanably so!

Why Buy this Wine?

- Robert Parker says of the estate: “The has always been one of my favourite wines...”

- This has one of the lowest prices of any Bordeaux in 2012 above 95 pts. (It is also cheaper than many 94pts wines.)

- The wine in the offer has perfect provenance – the wine has never left Bordeaux

- Our price is the Lowest Market Price in Hong Kong.

Clos de Sarpe 2012 (12x75cl) – Only 8 cases

HK$ 6,395 per case – ($532.92 per bt.)

95+ pts Robert Parker

“This has always been one of my favorite wines because of the tiny yields and meticulous attention to detail by the Beyney family. Not surprisingly, this inky bluish purple wine is frighteningly concentrated, with high extract, spicy oak, loads of blueberry, blackberry and cassis fruit, a hint of underlying liquid chalk/minerality, and a monster finish. The wine has plenty of tannins, which are largely concealed by the luxurious and extravagant nature of the wine’s concentration. I wouldn’t say this is a wine for those with 19th century palates, but the 2012 can hopefully be drunk in about 7-8 years, and will surely last for three decades or more, making it essentially one of the longest-lived wines of this vintage. From a blend of 85% Merlot and 15% Cabernet Franc, this wine boasts 15% natural alcohol. Drink 2022-2052.”

9 Mar 2018

The Laird is the top wine by Torbreck, one of the most prestigious and highest priced wines from the whole of the New World.

The 2012 joins the 2008 and 2005 in scoring a perfect 100 points from Robert Parker. The 2005 and 2008 are almost impossible to buy anywhere in the world now. With a Drinking Window until 2039, this wine has over two more decades of improvement and price appreciation potential in the bottle. The Laird scores AA as an Investment Rating from Cru. Only one notch below the best possible AAA rating for long-term investment potential.

"Deep garnet colored with a touch of remaining purple at the rim, the 2012 The Laird is one of those wines you could just go on smelling all day. It opens with a complex perfume of kirsch, dried mulberries, blackberry tart and spice cake over cloves, mocha, dusty earth, incense, star anise, yeast extract and aged beef. The full-bodied palate is drop-dead seductive, unfurling in the mouth to reveal exotic spice, meat, earth and berry preserves layers, supported by firm, velvety tannins and seamless acid. The finish seems to go on forever - and this is exactly what you want it to do. Stunning."

"The 2014 Romanico is the better value of the two, with fabulous, dense blackberry and cassis fruit, with licorice, camphor and forest floor. It is dense, full-bodied, opulent, and a dazzling example of a wine made from modest yields of 31 hectoliters per hectare from their younger and middle-aged vineyards. It is 100% Tinto de Toro and their largest production cuvée. It is a sensational buy at $17.00, tasting more like a wine that costs three times that price. 2016-22026."

"The 2013 Romanico, 100% Tinta de Toro, was aged six months in 100% new French oak and is exceptional. A wine of considerable intensity, inky purple color, loads of crème de cassis, blackberry, licorice and camphor, the wine is full-bodied, luscious, with low acidity and silky tannin. The high extract and richness suggests this wine can drink well young, or be cellared for another 10-12 years. Drink 2016-2028"

"Even more powerful and rich is the 2013 Almirez, an opaque purple wine made from 100% Tinta de Toro from vineyards planted at 2,300 feet (the highest in all of Toro). The wine has a fabulous opaque purple color, notes of blackberry, blueberry and cassis, licorice, graphite and truffle. Deep, rich, full-bodied and powerful with moderate tannin, this wine was aged 12 months in about 30% new French oak. Drink it over the next decade. Drink 2016-2026."

7 Mar 2018

* Il Poggione Brunello di Montalcino 2013 has just been scored 96 points by Robert Parker.

*This makes it the second highest scoring Il Poggione Brunello di Montalcino ever, behind the 97 point 2010. The lowest price in Hong Kong for the 2010 is HK$2,615/6, which is almost 100% more than we are offering the 2013 for.

*As global attention focuses ever more on the "impeccable reputation" (as Robert Parker describes it) of this estate it seems very unlikely that prices are going to remain at the current undervalued level for much longer. Whether for drinking or collection, we strongly recommend buying the 2013 at current prices.

* Robert Parker writes of the 2013:

The 2013 Brunello di Montalcino lives up to the impeccable reputation garnered by this estate over the years. This is a profound and beautifully rendered Sangiovese that delivers bold and luscious fruit quality with black cherry and spicy plum at the start. The bouquet follows through with mild oak notes of smoke, tar and toasted nut. There is another aromatic component that includes crushed stone and dried herb or mint. This Brunello shows elegant evolution in the glass and promises a very long aging future ahead. Some 200,000 bottles were made, so it should be easy to locate this excellent wine.

5 Mar 2018

* 2015 is establishing a reputation as a long-term "investment" vintage which will reward patient holders with price appreciation. There is little doubt that it is the best Bordeaux vintage since 2010. There is no question that wines from this vintage will improve and develop complexity over many decades to come.

* Chateau Pontet-Canet has achieved phenomenal things in the last decade. The 100 point scores achieved by its 2009 and 2010 vintages from Robert Parker moved this estate into the premier league of famed Bordeaux estates. The 100 point 2009 and 2010 wines are now impossible to buy below HK$9,000 per 6 in Hong Kong. Although not achieving quite the same perfect score, the 2015 is the closest thing to those legendary efforts and is available (temporarily) for a little over half the price.

* Our price of HK$899 is the lowest available in Hong Kong right now. We have only 44 cases (6x75cl) for the world at this price and we do not expect them to remain unsold for long.

5 Mar 2018

* Dedicated to making wines reflective of the unique character of their historic Mendoza vineyards, Catena has excelled with what "has to be one of the finest vintages" yet in 2013.

* The latest release of the high-flying Adrianna Mundus Bacillus Terrae Malbec has done a service to the winery, the region and the variety. Simply put, "this is terrific," (WA) and one of the best wines of the vintage in Argentina.

* Scoring 97 points from the Wine Advocate and 96 points from James Suckling there is rare unity among the world's most influential wine critics and as a result demand is soaring for this greatest of Argentine Malbecs.

* We are pleased to be able to present this masterclass in Mendoza artistry at the lowest price in the world by 20%.

* This outstanding 2013 is now in stock but won't be around for long, so Catena lovers, do not delay!

4 Mar 2018

50 years on, it doesn't get any better than 1968 Taylor's Single Harvest Very Old Tawny Port!

* For anyone celebrating a fiftieth birthday this year, they may be aware that 1968 was no great shakes as a vintage. According to Michael Broadbent, Bordeaux was ‘atrocious’, Burgundy and the Rhone were ‘poor’ (the Hospices de Beaune auction was cancelled) and Champagne doesn’t even get a mention. Port, Madeira (or perhaps California) are just about the only places where 1968 was not a complete write-off, it might seem.

* There is hope yet for salvaging this vintage though as Taylor’s have since acquired a fabulous stock of old cask-aged wine including colheitas or ‘harvest’ wines (effectively dated tawnies), some dating back to the nineteenth century. Tawny Port is a wonderfully misunderstood phenomenon that benefits from being both knock-out brilliant and undervalued. Crucially, these wines have been well cared for in the interim and are being bottled in limited quantities to celebrate important anniversaries.

* We are delighted to offer the new release of Taylor’s 1968 Very Old Single Harvest Port, which has understandably been selling out very quickly after release due to its strictly limited volumes. This is a fantastic opportunity to offer the fifth in this series of very special 50 year old ports.

Top Buy of 2016 | 99pt Grand Cru Burgundy at Lowest Global Prices

2 Mar 2018

New and Unusual Release: Historical XIXth Century 2014 from Chateau Palmer | 4 Cases Left

* Prior to the establishment of the AOC system which regulates wine production in France today, there once existed a wine known as a "Bordeaux Hermitage". When Thomas Duroux, the Director of Château Palmer had the opportunity to try one of these historic treasures, he was inspired to revitalize this tradition by blending wine from the Palmer vineyards located on the rises of the Margaux appellation with a small measure of grapes from the northern Côtes du Rhône. The result is something truly one of kind, which explains why these very limited releases are so highly coveted by wine lovers eager to own a piece of history.

* According to French wine regulations today, a wine which is blended from different regions loses its geographic origin as well as its vintage, which makes the Historical XIXth Century 2014 possibly one of the most exciting "table wines" in the world!

28 Feb 2018

* Antiquarian is a unique project from South Australia that in the few years since it's been operating has garnered tons of praise and attention.

* Recently taking home a GOLD MEDAL at the China Wine & Spirits Awards in the category of Best Value, these are no-brainers for bargain-hunters, as well as for those looking for a more thoughtful style of wine.

* That is exactly why Jancis Robinson is a big fan, regularly awarding high scores well above her average for these esoteric blends, describing them as "wines to spend time with".

* The "utterly gorgeous" Pinot Noir-Shiraz earned 18/20 points from Robinson, while the last vintage of the White Field Blend received 94 points from Decanter. The recently released 2017 is yet to be scored, but our expectations are high.

* These are cerebral wines that surprise, engage and completely enthral with their unique set of aromas and texture. If you are looking for a departure from the Australian norm, here it is!

15 Feb 2018

Rhône's Answer to DRC...Up to 100pt E. Guigal La-La's

15 Feb 2018

VEGA SICILIA UNICO 2006 | WA 98pt Score Confirmed. Last cases

Vega Sicilia is Spain’s most prestigious and recognised fine wine producer.
Unico averages 6.7% CAGR for the previous 15 releases, rising to an average 8.4% after 10 years.
Unico 2006 is a hotly anticipated release, scoring its joint highest ever score of 100 points (James Suckling)
Robert Parker’s Wine Advocate has just released a 98 score, the second highest ever score for Unico.

8 Feb 2018

First Offers from "Awesome Vintage" of Northern Rhône 2016

Following the hype of the 2015 vintage was always going to be challenging, but 2016 is another brilliant vintage for the region.
The Northern Rhône had a "terrific" year with the appellations of Cornas, Hermitage and Saint-Joseph making some truly magnificent wines.
Rhône authority Jeb Dunnuck (previous Rhône critic for Wine Advocate), commends 2016 for its "classic characters, beautiful balance, and terrific purity of fruit, all of which will be loved by the traditionalists out there".
Regional powerhouses Vincent Paris in Cornas, Rostaing in Côte-Rôtie and Ferraton in Hermitage are at the top of their game, producing structured wines with sweet tannins. 2016 is all about purity and elegance, and their delightful rounded style makes them much more approachable earlier on than their 2015 predecessors.
Amidst the Burgundy buzz at this time of year, these superb Northern Rhônes are a relative bargain compared to the often mega-expensive 1ers and Grands Crus of the Côte d'Or.
With the best of the best scoring up to 95-97 points, these are the Grands Crus of the Rhône.

5 Feb 2018

99pt Upgrade for 'Best Ever' Galatrona | $3,375 (6x75cl)

Upon release last year this 100% Merlot beauty was awarded a highly-respectable 96-97 points, and was snapped up by savvy buyers recognising the immense value of this rising Tuscan power-hitter.

Just upgraded to a near-perfect 99 points, when re-tasted in bottle, but so far it’s only jumped £20 on release price to £300 IB per case, accentuating it as a top buy right now, before the buying frenzy hikes up the price.

5 Feb 2018

BUY SASSICAIA 2015 - One of the hottest fine wines in the world at this moment!

2015 across Tuscany has received great press, leading wine-lovers to wait with bated breath for Tuscany's biggest name to release.
Easily the most eagerly-awaited Italian release of the year, there is nothing quite like Sassicaia. The anticipation for this latest release has been simmering for some time, given new energy when James Suckling confirmed suspicions that 2015 is a "beautiful... classic Sassicaia".
Awarded 98 points - good enough for joint best ever - Sassicaia lovers simply can't miss this one!

5 Feb 2018

OPUS ONE 2014 | One of the New World’s Best Performing Wines

• Opus One is one of California’s very top fine wines. The 2014 vintage is one of the best 5 vintages of the last 35 vintages released, according to critics.
• Opus One 2014 is the lowest priced of any Opus vintage available.
• Opus One has seen an average Compound Annual Growth Rate (CAGR) of 16.3% from the 2001-2014 vintages (buying on release and holding until now).
• Opus One is a winery with momentum; quality is improving year on year and global demand is rising.

1 Feb 2018

LAFITE-ROTHSCHILD 2014 | The Most Attractive Current Lafite

Château Lafite-Rothschild remains the world’s premier fine wine investment, combining global appeal with excellent liquidity.
Lafite-Rothschild topped Liv-ex’s ‘Power 100’ list in 2017 for the second year running.
We recommend Lafite 2014 as the best current vintage for new investors.
Offered at $52,800 (12x75cl), and rated 95 points, it offers the best price / quality ratio of any recent vintage.

17 Jan 2018

CHATEAU BRANE-CANTENAC 2016 | Still Playing ‘Catch Up’

Brane-Cantenac 2016 is one of the top 30 scored wines from 2016, and yet is the cheapest of them all.
Brane-Cantenac has been performing extremely well in the secondary market in the last two years as quality has improved at the château.
We expect its price to converge with other similarly scored Second Growth wines like Cos d’Estournel, Leoville las Cases, and the Pichons.

19 Dec 2017

TAITTINGER COMTES CHAMPAGNE 2006

Taittinger ‘Comtes de Champagne’ is one of the world’s top Champagnes.
Comtes 2002 has outperformed comparable 2002
Champagnes by a wide margin since release.
Comtes 2006 is selling at much too great a discount to the other great vintage of the last decade (2002).
Comtes 2006 should get a price bounce when the next vintage is released in mid-2018.
Upside is +55%.

MODEL FINE WINE PORTFOLIO FOR INVESTORS

1 Dec 2017

HOW TO DIGITALLY DOWNSIZE YOUR WINE CELLAR - Article FT November 2017

The postwar baby boomer generation was central to the success of Simon Farr’s first fine wine business, retailer Bibendum.
Thirty-five years after he co-founded it, his new venture, Cru, is helping this same generation to digitally downsize the cellars they amassed during the good years.

Dartess comes on stream this week to ensure that Cru clients can continue to collect, trade and store fine wine regardless of Brexit disruption.

What this means for you:

• From today, you have a Cru storage account in Dartess, France (in addition to your storage account in Vine, United Kingdom).
• Storage rates in France are the same as the UK.
• Wines stored in Dartess will be visible in your Account Management section, exactly as now.
• Wines in Dartess can be sold exactly as UK stored wines can now (just 5% Selling Commission on our market leading portfolio management platform).

Dartess Warehouse will Avoid Brexit Disruption:

The Wine and Spirit Trade Association (WSTA) have informed all UK fine wine merchants that under a ‘no deal’ Brexit there is likely to be severe disruption to fine wine movements into the United Kingdom. For this reason, over the Brexit period we will temporarily be storing new European deliveries in the new temperature controlled, fully secure, Dartess facility. We are encouraging all long-term storage clients to leave their wines in France, where they can stay under bond for as long as you wish. You can request movement of these wines to the UK whenever required, which can be done using our online transfer tool.

Cru is one of the world’s leading fine wine retailers. We have experts working across the globe serving customers in over 40 different countries. We operate from four major hubs in London, Hong Kong, Bordeaux and Singapore, from which we offer advice and impeccable service through both traditional and digital channels. We are very focused on using technology to make the experience of fine wine buying more fun and convenient.

Cru is a specialist retailer. We source only the world’s very best wines and spirits and sell to a limited number of discerning buyers. We hold numerous events through which we showcase our wines and get to know our clients even better. We store a significant amount of wine for our clients and offer guidance on wine portfolio construction.

Cru offers an internationally acclaimed selection of red wine, white wine and Champagne. We help customers around the world buy wine from Bordeaux, Burgundy, Italy, Spain, the Loire and Rhone Valley and from the New World.

Cru was formally launched in 2014, but our roots as a fine wine team go back to the early 1980s in the UK, and back to 2010 in Hong Kong.

Our Chairman is Mr Simon Farr: a hugely respected 40 year wine industry veteran who was involved in the founding and growth of two of Britain's most successful wine enterprises (Majestic and Bibendum).